The MIT Libraries have released "MIT and Royal Society of Chemistry Sign First North American 'Read and Publish' Agreement for Scholarly Articles."
Here's an excerpt:
The MIT Libraries and the Royal Society of Chemistry have signed a groundbreaking license agreement that incorporates elements of a traditional subscription purchase and open access to scholarly articles. The experimental two-year agreement is seen as an important step on the path toward making more research freely and openly available to the world.. . .
The agreement, known as "read and publish," will run through 2019. Through the agreement, articles published in Royal Society of Chemistry journals by MIT corresponding authors during this period will be made openly available at the time of publication at no cost to the author. The aim of the offsetting agreement is that, over time, as more universities adopt this type of contract, the proportion of paywalled articles will decline and funding will shift to supporting open access to research.
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